NRG Energy (NYSE:NRG) Given Hold (C) Rating at Weiss Ratings

Key Points

• NRG Energy received a "hold (c)" rating from Weiss Ratings, reflecting a stable outlook for the company's stock amidst mixed reviews from other analysts.
• BMO Capital Markets raised its price target for NRG Energy to $185.00, while Scotiabank set a higher target of $212.00, indicating confidence in the company's market performance.
• The company's stock price reached $167.71 per share, with a year-to-date trading range between $79.57 and $175.96, suggesting significant volatility in its valuation.

NRG Energy (NYSE:NRG - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

NRG has been the topic of several other research reports. BMO Capital Markets upped their price objective on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays boosted their target price on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Citigroup upped their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Scotiabank started coverage on shares of NRG Energy in a report on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and a consensus target price of $188.85.

NRG Energy Stock Performance

Shares of NYSE NRG traded up $0.19 during midday trading on Wednesday, reaching $167.71. The company's stock had a trading volume of 154,886 shares, compared to its average volume of 3,047,615. NRG Energy has a 12-month low of $79.57 and a 12-month high of $175.96. The firm has a 50 day moving average price of $157.33 and a 200-day moving average price of $142.17. The stock has a market capitalization of $32.44 billion, a P/E ratio of 75.77, a PEG ratio of 1.32 and a beta of 1.14. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The business had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.63 billion. During the same quarter in the previous year, the firm earned $3.37 EPS. NRG Energy's quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts predict that NRG Energy will post 6.36 earnings per share for the current year.

Insider Buying and Selling

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Institutional Trading of NRG Energy

Institutional investors have recently added to or reduced their stakes in the business. Toth Financial Advisory Corp purchased a new stake in NRG Energy during the second quarter valued at about $27,000. Bank of Jackson Hole Trust purchased a new stake in shares of NRG Energy during the second quarter worth about $28,000. Fourth Dimension Wealth LLC purchased a new stake in shares of NRG Energy during the second quarter worth about $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in NRG Energy in the second quarter worth about $35,000. Finally, Kiker Wealth Management LLC purchased a new stake in NRG Energy in the second quarter worth about $37,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.

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